- Whales continue to accumulate XRP despite a 5% decrease
- Recent whale purchases amount to roughly $129,000,000
- Investors anticipate optimistic price movements in 2025
Despite XRP being on a 5% decrease over the last week, cryptocurrency whales continue to accumulate the altcoin, perhaps in anticipation of more optimistic price movements early in 2025.
The report was made by Ali Charts on Twitter and revealed that whales have bought another 60,000,000 XRP. This development may be significant as, according to the chart in Ali’s post, large investors appear to have doubled down on their XRP purchases after a significant price correction on December 18.Â
In today’s XRP-USD exchange rate, these purchases amount to roughly $129,000,000. This accumulation trend suggests that major players are still confident in XRP’s long-term potential despite recent price dips.
The altcoin is currently trading at $2.16, down by almost 5% in the last 24 hours. According to recent price history over the last trading month, the current zone XRP trades at is about as down as buyers are willing to go.
If the currency is able to maintain its zone until January, investors may find themselves in a completely different scenario as Donald Trump’s first measures as the U.S. President may have a direct impact on the market, particularly XRP.
Perhaps this scenario is what is leading whales to accumulate more XRP despite recent price drops. On top of the new President, a potential change in American regulatory shifts could also be the driving force behind this mysterious movement.
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